It’s also more closely tied to the cloud, saving documents to Microsoft’s SkyDrive storage system by default, so your documents and personal settings are remotely accessible. With that, Microsoft aims to stave off Office challengers like Google Drive, which gives people a way to create and store documents online, as well as share documents and edit with multiple people.
Along with these broader features, there are significant changes to Office 365’s programs, which include Word, PowerPoint, Excel, Outlook, OneNote, Publisher and Access. It does a nice job of bringing to the surface some features that were too far buried in menus for people to use. It also packs in many new features, some of which were made for touchscreens and new devices designed to run the touch-centric Windows 8. And Microsoft has updated its Office Web Apps, stripped-down programs that offer free editing, via a Web browser, of files stored online.
See the full story here: http://allthingsd.com/20130129/a-fresh-new-office-finds-a-place-in-the-cloud/